🇹🇷 Turkey

Turkey regulates cryptocurrencies under the Capital Markets Law No. 7518 (2024) and CMB Communiques III-35/B.1 & B.2 (2025), providing a clear legal framework for crypto activities.

Overview

StatusLegal
Risk Score45/100 (Moderate Risk)
Regioneurope
CurrencyTRY
Adoption Rank#4

Tax

Capital Gains (Personal)No specific crypto capital gains tax (proposed legislation pending)
Capital Gains (Corporate)25% corporate tax
VAT on CryptoNo

Specific tax rates for crypto are not detailed on the regulator page; VAT does not apply to crypto transactions.

Licensing

RequiredYes
RegulatorCMB
FrameworkCapital Markets Law No. 7518 (2024) and CMB Communiques III-35/B.1 & B.2 (2025)
Easemedium
Cost$2,700,000 - $14,000,000

Licensing is regulated under the Capital Markets Law and related communiques, requiring compliance with capital market regulations.

DeFi

Status: regulated

DeFi activities are regulated under the same framework as other crypto assets, requiring compliance with capital markets regulations.

Stablecoins

Status: regulated

Stablecoins are regulated under the Capital Markets Law and related communiques, requiring issuer licensing and compliance.

NFTs

Status: Unclear

No NFT-specific regulation. The 2024 crypto law may cover NFTs depending on classification. Turkey has an active NFT art scene.

Mining

LegalYes
Electricity$0.078/kWh
Renewable42%
Infrastructuregood

Mining is legal but subject to restrictions and regulations; electricity cost is moderate with a significant renewable energy share.

Geopolitics

Stabilitymoderate
SanctionsNo
Corruption Index40/100
Banking Accessmoderate

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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